Thousands of students will be leaving home and heading off to places new, far afield, in search of education and trying to avoid poverty. Here are 19 tips which helped me through Uni on a tight budget.
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Top 10 Personal Finance Articles – August 2009
The following is a list of the top 10 read articles in August.
1. Pay Yourself First – the first step in wealth creation
This article discusses the need to save from income before spending it! This is a form of deferred consumption and by saving first and then spending what is left you can build a solid foundation to your financial future.
Tip – aim to start saving 10% of net income each and every month – it won’t be easy at first but your budget and lifestyle will adapt over time.
Personal Finance Questions – August 2009
In this post we will answer some of the many questions we are receiving from visitors to the site. Although we cannot answer your questions directly and we are not authorised to give financial advice were we see a theme running through questions from our readers we will provide a generic answer on the site.
I remember at school the teacher always used to say “ask a question – if you have a question you can guarantee that half the class also have the same question but are too scared to ask!”.
Where can I get a free income and expenditure spreadsheet?
Buy a Financial Calculator
Anyone who is committed to increasing their personal wealth would be strongly recommended to buy a financial calculator.
I bought my first financial calculator when I was at University some 18 years ago, it was a Hewlett Packlard 10B Business Calculator, and I still use it today. The model has been updated now – Hewlett Packard 10BII – but the new model still offers the same great facilities I have come to know and love.
Are you £1 ahead or £1 behind?
I was reading an excellent post over at Seth Godin’s blog which got me thinking about budgeting, wealth and financial independence.
The article talks about how over 2 billion people on this planet live below the poverty line.
Top 10 Articles – July 2009
The following is a list of the top ten articles visited in July 2009: -
1. Pay Yourself First
This article stresses the importance of saving first from your income, and then living off the remainder, rather than the other way around. Those who save first and spend what is left invariably become richer than those who spend first and save what is left, if anything.
Director Share Purchase Protection
Sometimes known as a “Company Will”, a Director Share Purchase Protection (DSP) scheme is a means by which all parties involved in the running and ownership of a private limited company (ltd) can ensure that the correct course of action is taken in the event of the death of a shareholding Director.
Small Increases in Income Make a Big Difference!
When considering income and expenditure, we need to calculate total expenditure, and then deduct this from income. This gives what I like to think of as “true disposable income”. Any small increase in income can therefore have a leveraged effect.
Retirement is an income, not an age
It occurred to me recently with all this talk about the need to raise retirement age in the Uk due to our ageing population, that many people have got it wrong.
Top 10 Articles – June 2009
The following is a list of the top ten articles visited in June 2009.
1. Pay Yourself First – the first step in wealth creation
Those who save first then spend invariably end up better off than those who spend first and save what is left.
